While nearly half of all homes have had price reductions, fewer sellers reduced their asking prices in September, according to data compiled by ZipRealty. More than 44 percent of home listings in 28 major markets tracked by ZipRealty in September included at least one price reduction, a decrease of 2.8 percent from September 2008. On average, homeowners reduced their listing prices by $25,362 in September, similar to August’s average reduction of $25,155, according to the report.

Of the markets studied, those with the lowest percentage of price-reduced homes are Denver, 30.3 percent; Los Angeles, 34.7 percent; San Francisco, 37.1 percent, and Sacramento, 37.2 percent. However, markets where sellers have reduced the most in absolute dollars are: Orange County, Calif., $55,000; San Francisco, $54,000; and Los Angeles, $44,694. Orange County also had the highest median list price of $647,000 of the 28 markets tracked in the report.